Excess Balance definition

Excess Balance means the amount by which the balance in the cash collateral account exceeds the undrawn and unexpired amount of the Letters of Credit. Except as expressly provided above in this Section, presentment, demand, protest and all other notices of any kind are hereby expressly waived by the Borrower.

Excess Balance as defined in Section 8.

Excess Balance means (A) after the fifth Business Day preceding the Commitment Termination Date, the amount by which the balance of the Cash Collateral Account exceeds the L/C Amount, and (B) prior to the fifth Business Day preceding the Commitment Termination Date, the balance of the Cash Collateral Account. The Agent shall have full control of the Cash Collateral Account, and, except as set forth above, the Borrower shall have no right to withdraw the funds maintained in the Cash Collateral Account.

Examples of Excess Balance in a sentence

• Excess balance account (EBA)An account at a Reserve Bank established by one or more eligible institutions and in which only excess balances of the participating eligible institution(s) may at any time be maintained.

• Excess balance account (EBA) An account at a Reserve Bank established by one or more eligible institutions and in which only excess balances of the participating eligible institution(s) may at any time be maintained.

• Excess balance of cash other than those required for its day to day operations is deposited into the bank.For other financial instruments, the finance department assesses and manage credit risk based on internal assessment.

• Excess balance sheet liquidity can negatively impact the Bank’s interest margin.

• A “master account” is not a “term deposit,” an “excess balance account,” a “joint account,” or any deposit account maintained with a Federal Reserve Bank governed by an agreement that states the account is not a master account.* * * * *(d) Excess balance accounts.

More Definitions of Excess Balance

Excess Balance means the amount by which the balance of the Facility LC Collateral Account exceeds the amount of L/C Obligations. In addition, after all of the Obligations have been paid in full (other than contingent indemnification obligations) and the Aggregate Commitment has been terminated, any funds remaining in the Facility LC Collateral Account shall be returned by the Agent to the Borrower or paid to whomever may be legally entitled thereto at such time.

Excess Balance means the average balance held in an account at a Federal Reserve Bank by or on behalf of an in- stitution over a reserve maintenance period that exceeds the sum of the re- quired reserve balance and any clearing balance.

Excess Balance means the greater of: (i) Agency Max-Plan Account Balance minus the Qualified Participation Balance, or (ii) zero.

Excess Balance. “Eligible Institution”

Excess Balance means the amount by which the balance of the Facility LC Collateral Account exceeds the amount of L/C Obligations. In addition, after all of the Obligations have been paid in full and the Aggregate Commitment has been terminated, any funds remaining in the Facility LC Collateral Account shall be returned by the Agent to the Borrower or paid to whomever may be legally entitled thereto at such time. Notwithstanding anything in this Agreement to the contrary, to the extent the Borrower has deposited cash in the Facility LC Collateral Account in accordance with the requirements of 2.20.1, the Borrower shall not be permitted to withdraw such amounts from the Facility LC Collateral Account until the Facility LC’s secured thereby have been cancelled and returned to the applicable LC Issuer on terms and conditions satisfactory to such LC Issuer.

Excess Balance has the meaning set forth in Section 7.3.

Excess Balance means for any Partner, other than with respect to the Partner's Preferred Units that have a Liquidation Preference, the amount, if any, by which the Partner's positive Capital Account balance exceeds zero, and for any Partner with respect to the Partner's Preferred Units that have a Liquidation Preference, the amount, if any, by which its positive Capital Account balance exceeds the sum of the positive balance of the Liquidation Preference of its Preferred Units.